The week of the Central banks

Global "appetite for risk" declined on the eve of the week of the Central Banks. The ECB meeting has already taken place, but the Fed, the Bank of England and the Bank of Japan are ahead, and other regulators will also have meetings. The question of rates once again came to the fore on the background of accelerating inflation, resulting in increased uncertainty and a logical reaction followed - investors began to record profits in risky assets.
Investors are already layed 100% probability of raising the Fed rate next week. The intrigue is what will be the subsequent comment of the regulator's heads, and how aggressively the Fed will act in the future. Some market participants are already laying 4 rate increases this year, although at the beginning of the year the market consensus implied only two increases. On the one hand, this means that the US economy is in very good shape, on the other hand, volatility in markets outside the US, especially in emerging markets, will grow.